JNUG channel and cloud analysis
JNUG channels that I see (disclaimer: they could be all wrong LOL). But I do think they'll help to provide a guide. For example, if we can't stay inside of the larger sky blue channel in March, I think it's obvious that JNUG will go lower, like $5's or even $4's.
As far as the Ichimoku Cloud, we fell out of the cloud in Feb. But use the cloud to get a feel for how strong the price movement is. If we break back in soon (I think we REALLY need to), look for strong green candles inside of it to carry us up through the cloud for a breakout above it.
As far as the Ichimoku Cloud, we fell out of the cloud in Feb. But use the cloud to get a feel for how strong the price movement is. If we break back in soon (I think we REALLY need to), look for strong green candles inside of it to carry us up through the cloud for a breakout above it.
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